Derek
Drushel

Principal Securities, Inc

CRD#6955821
Investment Advisor
in Grand Rapids, MI

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About this Advisor

Derek Drushel is a financial advisor based out of Grand Rapids, Michigan with a total of 1 year of industry experience. Drushel currently works for Principal Securities, Inc. Their career trajectory has included roles at Joeys Pet Outfitters, Northwestern Mutual Life Insurance Company, Northwestern Mutual Investment Services LLC, Red Marl Retail, Inc, Principal Life Insurance Company, Principal Securities Inc and The Centennial Group. Drushel maintains Series 63 and Series 66 licenses, designating them as a securities broker, and is approved to work in Michigan. Principal Securities, Inc is a company operating out of Des Moines, IA. The firm has offices in 350 locations and a total of 1,430 employees. It handles $9 billion in assets among its 46,075 client accounts, making it one of the largest firms in the country by assets under management. The firm serves 34 charities and foundations. Of its 46,075 accounts, just 3% are held by high-net-worth individuals who have greater than $1 million in assets available to invest. The company has a diverse set of services, such as financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers and educational seminars. Financial advisory fee schedules largely vary depending on the services provided. However, fee types billed by Principal Securities, Inc may include some blend of asset-based, hourly, fixed and other fees.

Certifications and Registrations

Series 63, Series 66

Years Registered*

1 year

Services Offered

Financial planning services, Portfolio management for individuals and/or small businesses, Pension consulting services, Selection of other advisers, Educational seminars/workshops

Fee Structure

Percentage of Assets, Hourly Charges, Fixed Fees, Others

Office Location

3196 Kraft Ave Se Ste 101
Grand Rapids, MI 49512

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Principal Securities, Inc Brokerage Details

Total Assets Under Management

$9,416,854,861

MI Average: $9,259,360,772
Total Number of Employees

1,430

MI Average: 166
Total Number of Accounts

46,075

MI Average: 7,189
Average Account Size

$204,381

MI Average: $1,287,990

Investment Advisory Services

  • Financial planning services
  • Portfolio management for individuals and/or small businesses
  • Pension consulting services
  • Selection of other advisers
  • Educational seminars/workshops

Derek Drushel Work History

Derek has been registered as a financial advisor for 1 years.*

2023 - Present (1 year)

The Centennial Group

2022 - Present (2 years)

Principal Life Insurance Company

2022 - Present (2 years)

Principal Securities Inc

2018 - 2019 (1 year)

Northwestern Mutual Life Insurance Company

2018 - 2019 (1 year)

Northwestern Mutual Investment Services LLC

2018 - 2020 (2 years)

Red Marl Retail, Inc

2005 - 2017 (12 years)

Joeys Pet Outfitters

*The number of years registered in this profile is calculated by taking the year of an advisor's first active registration and subtracting it from the current year.

Disclosures

Please visit the SEC profile of Derek Drushel to learn whether or not they have any disclosures. It is important to do your due diligence when looking for an advisor.

Financial Advisors at Principal Securities, Inc

Sean Oconnor
Syracuse, NY
Guy Ridout
Seattle, WA
Kevin Bower
Phoenix, AZ
Craig Forster
Arlington, TX
Justin Terrell
Bethesda, MD
Gregory Schmitt
San Diego, CA
James Henry
Wdm, IA
Conrad Beeler
Lansing, MI

The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

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